A Computable General Equilibrium Analysis of Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership on Chinese Economy
Merve Mavus Kutuk and
Working Papers from Research and Monetary Policy Department, Central Bank of the Republic of Turkey
As a result of deadlocked multilateral trade negotiations, many countries have commenced to establish bilateral and regional trade agreements. Among those agreements the Transatlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP) are agreements with members from across the Atlantic and the Pacific respectively. This study focuses on the impacts of these agreements on Chinese economy under three scenarios by using the Global Trade Analysis Project database and a computable general equilibrium model. The results suggest that when only the TTIP is realized, Chinese economic variables are negatively affected. When both the TTIP and TPP are realized and China is excluded, the combined damage in Chinese economy is higher than the damage of the TTIP alone. On the other hand, inclusion of China in the TPP results in positively affected economic variables. In other words, positive impacts of participation of China in the TPP compensate for the negative impacts of the TTIP.
Keywords: Free trade agreements; Transatlantic Trade and Investment Partnership; Trans-Pacific Partnership; China (search for similar items in EconPapers)
JEL-codes: F13 F14 F15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp, nep-cna and nep-int
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Journal Article: Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership: Policy Options of China (2015)
Working Paper: The Possible Effects of Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership on Chinese Economy (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:tcb:wpaper:1523
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